Archive for November, 2011


American Airlines, Yet Another Airline Bankruptcy

With American Airlines going bankrupt, the list of airlines that have gone under has increased yet again. Below is a history of the past 21 years of Airlines that have gone bankrupt:

Nov 29, 2011 — American Airlines
Jan 5 2010 — Mesa Air
Oct 6, 2008 — Sun Country
April 11, 2008 — Frontier Airlines
March 31, 2008 — Aloha Airlines
Sept 14, 2005 — Delta Air Lines/Northwest Airlines/Comair
Sept 12, 2004 — US Airways
Dec 9, 2002 — United Airlines
Aug 11, 2002 — US Airways
Jan 10, 2001 — Trans World Airlines (TWA)
Feb 26, 1998 — Pan American World Airways (Pan Am)
June 30, 1995 — Trans World Airlines
Sept 21, 1993 — Hawaiian Airlines
Jan 31, 1992 — Trans World Airlines
June 27, 1991 — America West Airlines
Jan 18, 1991 — Eastern Air Lines
Jan 8 1991 — Pan Am World Airways
Dec 3, 1990 — Continental Airlines


A Tale of Two Economies

With the Economic results released over the past two years since the 2008-09 Recession ceased, the Economy seems to be growing, right? Then why do retailers such as Walmart, Sears, The Gap and JC Penney’s continue to not do too well? Why is it that sales of such companies that cater to the middle class as well as lower income families are faring as well as the sales of higher end retailers such as Tiffany’s and Macey’s (whom are doing quite well indeed)? Liquidity seems to have dried up again for smaller companies as their stocks have missed out on the biggest stock market rally in history over the past two years unlike the stocks of big conglomerates trading close to their record highs (such as IBM, McDonald’s, Oil Companies, Caterpillar, Boeing, etc.). Sales of high end luxury cars such as Porsche have hit record highs as well at a time when 50% of all Americans who have mortgages are under water on them with poverty rates having risen to record highs.

Is it just me or do all the government policies as well as Wall Street investment firms over the past decade seem to be in favour of the “big boys” (namely the wealthiest individuals and the largest companies)? In fact, the majority or the 99% of the population and companies are being left behind. Like the Great Dickens novel, “It was the best of times, it was the worst of times” describing two economies impacting two different sets of people and companies. The haves and the have-nots.